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MG Developer, a Coral Gables-based residential developer and currently the most active developer in Hialeah, recently announced that it has named Leonard Chinchay as its new director of capital markets and Jose Mata as the new project manager for MG’s various projects in South Florida.
Chinchay will be primarily responsible for refining and executing the company’s funding strategies for all the company’s projects within various markets — mainly in Florida but throughout the country.
“We are incredibly excited to have Leonard on board with us,” said Alirio Torrealba, CEO and founder of MG Developer. “I feel confident that his experience and background will be instrumental to the growth of our organization, portfolio of properties, and an arsenal of resources at MG Developer.”
Before being named MG Developer’s director of capital markets, Chinchay spent 20 years in the residential and commercial real estate space and held several leadership positions in development projects in Panama and New York City with major developers, including Key International, a real estate investment and development company based in Miami. His experience includes managing investor relations, financing, capital raising for private equity investments as well as land acquisitions.
For the last decade, Chinchay has been consulting for myriad clients while establishing and expanding a network of institutional and private investors from the U.S. and foreign markets. Throughout his career, he was responsible for growing the investor base, building long-term relationships with investors, and raising capital for a range of financial products within the real estate sector. He has managed a successful investor relations program, including implementing various CRM systems and developing investor portals.
Chinchay earned a Bachelor of Science Degree in Business Administration from Embry Riddle University and currently is a member of the Urban Land Institute (ULI) — the largest network of cross-disciplinary real estate and land use experts in the world.
Jose Mata, MG Developer’s new project manager, will be working with the senior development team to oversee a number of MG Developer’s projects throughout their evolution until projects are completed.
“Jose is an excellent addition to the development team,” Torrealba remarked. “His impressive background and proven leadership skills affirm that he will be a valuable asset to the success of all our projects moving forward.”
Mata has been in the construction industry for more than a decade. His most recent role, prior to joining MG Developer, was with Lennar Corporation, as he was overseeing the construction of a $100 million Green development in Wynwood. Mata earned his Bachelor of Science in Civil Engineering from the Georgia Institute of Technology and his Master of Business Administration from the University of Miami.
MG Developer’s success has caught the attention of many institutional equity partners.
Although most of them prefer to keep their involvement confidential, the company has collaborated with a number of prestigious national organizations, including Collier’s, among others.
Under the leadership of founder and CEO Alirio Torrealba, MG Developer is a residential property development company based in Coral Gables offering a wide range of real estate services, including concept creation, property site selection, and project advancement.
Torrealba has already completed 11 developments and has more than $600 million in developments in planning throughout Miami, establishing MG as one of the most active developers in South Florida today.
For more information, visit www.MGDeveloperMiami.com.
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